Asmbly Makerspace Inc

Analysis

Asmbly Makerspace Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Asmbly Makerspace Inc reported income of $606k and spending of $553k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $239k to $606k (+153%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Asmbly Makerspace Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Ballet Chelsea ($606k), Western ND Honor Flight ($606k) and Asian Improv Arts Midwest ($606k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.